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Thermal spray coating market and their increasing deployment in the automotive sector
Thermal Spray Coating Market
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Better reliability and maintainability coupled with improved product life cycle could expand the business horizon for thermal spray coating manufacturers. Moreover, high resistance features towards decomposition and scratch on numerous automotive machinery could deepen product penetration in new, untapped markets.
In the aerospace sector, thermal spray coatings are experiencing heavy demand as aircraft components are often subjected to adverse environmental conditions with excruciating pressure and high heat. Major aerospace components like oil seals, high-pressure turbine seals, compressor seals, rotor-path linings and bearings require such coatings. Burgeoning product application for shielding engine parts from excessive heat and corrosion could boost thermal spray coating market size in the aerospace sector.
Improved product life cycle coupled with reliability, maintainability and high resistance to scratch and decomposition on various automobile machines will boost the market demand. Surging demand for passenger and commercial vehicles with strong coated components is positively influencing global thermal spray coating market share.
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Aerospace components such as turbine blades, flame tubes, liners, HPT outer stationary seal, compressor seals, bearings and rotor path linings are exposed to extreme environmental conditions like heat and pressure. Thermal spray coating helps to protect the engine parts from heat and corrosion, impart necessary surface conditions and increase their life span.
The flourishing healthcare industry is witnessing rapid growth owing to the growing incidences of chronic diseases and the ability pf the people to spend more on advanced healthcare services. Medical devices are instruments or apparatus that are used in the process of treatment and diagnosis. In such devices, thermal spray coating is used to deposit coatings that may be fully biocompatible with human tissue.
Regionally, North America will emerge as a profitable revenue pocket for thermal spray coating industry share in the coming years. High purchasing power among people in the region is supporting expansion in various sectors such as automobiles, aerospace, healthcare and construction. In 2016, North America thermal spray coating market size with respect to revenues was valued at over USD 2.3 billion due to the need to achieve cost optimization in power, aerospace and defense applications.
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https://www.prnewswire.com/news-releases/coil-coatings-market-value-to-hit-4-5-billion-by-2026--says-global-market-insights-inc-300977365.html
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